11 MAY 2017
The Andaz, Liverpool Street, London


Lord Adair Turner

In 2016, we welcomed Lord Adair Turner, former Chairman of the FSA, as keynote speaker.

Once dubbed by The Economist as “a man for all policy crises”, Lord Turner’s experience – from chairing the Financial Services Authority as the crisis broke, to overseeing the Financial Stability Board’s efforts to redesign global financial regulation, and leading the UK government reviews into pensions and climate change – gives him a unique perspective on developments in capital markets, past present and future.

"On Saturday September 20, 2008, I became chairman of the UK Financial Services Authority. Lehman Brothers had failed the previous Monday; AIG had been rescued by the Federal Reserve on the Tuesday. Seventeen days later I was with Alistair Darling, UK finance minister, and Mervyn King, governor of the Bank of England, discussing with the major UK banks the need for public capital injections. The UK government ended up owning 85% of RBS and 45% of Lloyds Bank Group. We faced the biggest financial crisis in 80 years. Seven days before I started, I had no idea we were on the verge of disaster."

(Between Debt and the Devil: Money, Credit, and Fixing Global Finance; Adair Turner, 2015)

Lord Turner remains at the cutting edge of financial policy, he currently chairs of the Institute for New Economic Thinking (having been a Senior Fellow since 2013) and recently appeared on the BBC’s Newsnight, debating the effects on the Chinese stock market crisis on the UK economy.

Beyond public policy and academia, Lord Turner has forged a successful career in business. He led the McKinsey practice in East Europe and Russia in the early 1990s, and was Director General of the CBI (Confederation of British Industry) 1995-2000. He was Vice-Chairman of Merrill Lynch Europe (2000-06) and a Non-Executive Director of a number of companies, including Standard Chartered plc (2006-08). In 2015 he joined the Board of UK start-up bank OakNorth, and became non-Executive Director at Prudential in September.

He became a cross-bench member of the House of Lords in 2005. Since, he has served as the first Chairman of the Climate Change Committee (2008-12), and chaired the Pensions Commission (2003-06) and the Low Pay Commission (2002-06). He has also been a Trustee of the British Museum since 2013.

 Please download the presentation that Lord Turner gave during his keynote here.